1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of caustic soda is weak this week. The average market price at the beginning of the week was 836 yuan/ton, and the average market price over the weekend was 832 yuan/ton, a decrease of 0.48% and a year-on-year decrease of 18.51%. On November 13th, the Business Social Chemical Index was 759 points, an increase of 1 point from yesterday, a decrease of 45.79% from the highest point of 1400 points during the cycle (October 23, 2021), and an increase of 26.92% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to the period from December 1, 2011 to present)
2、 Market analysis
According to the commodity analysis system of Shengyi Society, the price of caustic soda has been running weakly this week. The price of caustic soda in Shandong region is around 750-860 yuan/ton in the mainstream market of 32% ion-exchange membrane alkali. The price of caustic soda in Jiangsu region is stable, and the mainstream market price of 32% ion-exchange membrane alkali is around 850-970 yuan/ton. The price of caustic soda in Inner Mongolia region is stable, and the mainstream market price of 32% ion-exchange membrane alkali is around 2450-2600 yuan/ton (converted to 100%). From the perspective of the Shandong region, there hasn’t been much change in supply and demand, with loose supply and weakened prices. Downstream alumina prices have been deadlocked recently, and distributors have a pessimistic sentiment. Some companies are under significant operational pressure and are purchasing caustic soda on demand.
Business Society analysts believe that in recent times, the price of caustic soda has been weak in the operating market. Domestic downstream buyers have been purchasing according to demand, and caustic soda companies have loose supply. The comprehensive supply-demand game predicts that caustic soda will maintain a stable operating market in the later stage, depending on downstream market demand.